Bilendi (ALBLD) Q2 2026 TU earnings summary

Executive summary

• Revenue for H1 2026 was €43.2 million, nearly stable year-over-year, with a slight decline of -0.7% (-0.5% at constant exchange rates).

• International business, representing 85% of total revenue, grew by 1.2% year-over-year, offsetting a 10.5% decline in France.

• Strategic transformation continues, focusing on becoming a global AI-native insights platform.

Financial highlights

• H1 2026 revenue: €43.2 million, down -0.7% from H1 2025.

• International revenue: €36.8 million, up 1.2% year-over-year; France: €6.4 million, down 10.5%.

• On a pro forma basis (full Netquest consolidation), revenue declined 5.3% year-over-year.

Outlook and guidance

• 2030 targets reaffirmed: revenue of €175–200 million and EBITDA margin above 25%.

• Strategic plan aims for more recurring revenue and improved operational leverage.